Rogue Trader Jerome Kerviel 'I Was Merely a Small Cog in the Machine'

The fall of Societe Generale trader Jerome Kerviel became symbolic of the entire financial crisis. In October, he was sentenced to five years in jail for losing almost 5 billion euros of his employer's money. In an interview with SPIEGEL, he says his bank knew exactly what he was doing and that his trades were nothing unusual.
French rogue trader Jerome Kerviel arriving in court in early October.

French rogue trader Jerome Kerviel arriving in court in early October.

JOEL SAGET/ AFP
Interview conducted by Christoph Pauly and translated from the German by Josh Ward.
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